Middle East Economic Survey

VOL. LII

No 10

9-Mar-2009

SAUDI ARABIA

Saudi Economic Outlook Declining For 2009, Says Samba

Samba Financial Group in its February Economic Monitor highlighted a disconnection between an increasingly liquid banking sector and the credit scarcity in the corporate sector in Saudi Arabia. The Kingdom is expected to register a declining economic outlook in 2009 due to a combined effect on private economic activity of low credit levels in the corporate sector, soft oil prices...